Jun 28 2014
American Realty Capital Healthcare Trust, Inc. ("ARC Healthcare") (NASDAQ: HCT) announced today that, pursuant to the prior authorization of its board of directors, ARC Healthcare intends to continue payment of monthly distributions at an annualized rate of $0.68 per share. Pending the "Effective Time" as defined in the merger agreement entered into, by and among, the Company and Ventas, Inc. and dated as of June 1, 2014, the Company intends to continue paying distributions on a monthly basis to stockholders of record at the close of business on the 8th day of the applicable month, payable on the 15th day of the applicable month, in each case, unless such date is a non-business day.
Accordingly, on July 15, 2014, ARC Healthcare will pay a distribution of $0.056666667 per share to stockholders of record at the close of business on July 8, 2014.
Source:
American Realty Capital Healthcare Trust, Inc.